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Compare 5-year ARM mortgage rates | Friday, January 16, 2026

Rates are current as of January 16, 2026 4:27 AM EST

National average mortgage rates:
5-Year ARM

APR 6.47%

-0.03% 1w
7-Year ARM

APR 6.39%

-0.11% 1w
30-Year Fixed

APR 5.90%

-0.02% 1w
2 ResultsShowing rates for: Purchase, Good (720-739), $500,000, 5-year ARM, Single-family, Primary residence
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2 Results for: Purchase, Good (720-739), $500,000, 5-year ARM, Single-family, Primary residence.
First Federal Bank

NMLS#408902

APR

6.48%

APR

6.48%

Interest rate

6.38%

Est. mo. payment

$2,496/mo

Total fees

$1,151

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The Nerdy headline

First Federal Bank stands out for its exceptionally low interest rates and its emphasis on government loans. Most likely to appeal to borrowers shopping for low rates and fees.

Home loans overall

NerdWallet rating

5.0

What we like
  • Strong experience in FHA and VA lending.
  • Average mortgage rates are on the low side, according to the latest federal data.
  • Minimum credit score requirement of 580 for some loans, which is lower than some competitors.
What we don't like
  • No mobile app.
  • Home equity lending is not a priority.
  • Does not offer renovation loans, but does offer construction loans.
Real Genius

NMLS#2389303

APR

6.58%

APR

6.58%

Interest rate

6.63%

Est. mo. payment

$2,562/mo

Total fees

$1,279

GET MY RATE
Hide details

The Nerdy headline

Home loans overall

NerdWallet rating

4.5

What we like
  • Offers a variety of mortgage options, including jumbo loans, and FHA and VA loans.
  • Offers home equity loans and lines of credit.
  • Displays customized rates, with fee estimates, without requiring contact information.
What we don't like
  • Doesn’t offer mortgages in all 50 states.
  • Home renovation loans are not available.

About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Today's 5-year ARM rates | Friday, January 16, 2026

Last updated 4:27 AM EST
On Friday morning, January 16, 2026, the average interest rate on a 5-year adjustable-rate mortgage held steady at 6.47% APR, compared to yesterday.
The 5-year ARM rate is three basis points lower than one week ago and 77 basis points lower than one year ago.
A basis point is one hundredth of a percent, or 0.01%. We describe mortgage rates’ ups and downs in basis points because they simplify comparisons.
NerdWallet’s rates are expressed as an annual percentage rate, or APR, and our mortgage rates data comes from Zillow.

What to Know About 5-Year ARM Mortgage Rates

Shop and compare today's 5-year ARM rates in the table above.

Holden Lewis
Michelle Blackford
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Holden Lewis
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Written by 

Holden Lewis

,  Reviewed by 

Michelle Blackford

,  Edited by 

Mary Makarushka

Written by 

Holden Lewis

 and 
2 others
Last updated 12/08/2025

What is a 5-year ARM?

A 5-year ARM is an adjustable-rate mortgage with an interest rate that stays the same for the first five years. After five years are up, the interest rate can change periodically with the broader market.
A 5-year ARM typically begins with a lower introductory rate than a fixed-rate loan has. After the five years are over, the rate can adjust up or down every six months. The rate adjustments are based on a benchmark index, which in most cases is the secured overnight financing rate (SOFR). The benchmark rate tends to rise when the economy is strong and fall when the economy weakens.
Different lenders may refer to the 5-year ARM by different names. It's sometimes called the 5/6 ARM, where the "5" refers to the starting fixed-rate period in years and the "6" refers to how often in months the rate is adjusted afterward. It's sometimes called the 5y/6m or 5yr/6mo ARM. It used to be called the 5/1 ARM because it was adjusted annually before regulatory changes were made.

5-year ARM mortgage rates

NerdWallet’s mortgage comparison tool can help you find competitive 5-year ARM rates today, whether you are buying a home or refinancing. In the filters above, enter details about the loan you’re looking for, and you can see rate quotes without providing personal information.

When to consider a 5-year ARM

A 5-year ARM makes sense if you expect to refinance your mortgage or sell your house before the introductory rate expires. You may be able to qualify for a larger loan because of the ARM's low introductory rate. Note that the interest rate and monthly payment could climb substantially if the index rate rises anytime after the first five years are up.

ARM glossary

  • Index: The benchmark rate that, when added to the margin, yields each six-month period's interest rate. Most ARMs use the 30-day average secured overnight financing rate (SOFR), which reflects market conditions.
  • Margin: A number of percentage points that the lender adds to the index to arrive at the interest rate that you'll pay during a six-month period. For example, an index rate of 3.985% plus a margin of 2.75 percentage points would mean your interest rate would be rounded up to 6.75%.
  • Rate cap: The maximum amount your loan’s interest rate can go up or down the first time it adjusts and each time thereafter.

Learn more about adjustable-rate mortgages

Latest mortgage news and analysis